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December 28th, 2014 11:09 pmHere's Why Trendlines are Your New Best Friend, Part 3
See how trendlines help you make calculated trading decisions
Courtesy of Elliott Wave International
Have you ever seen Donald Duck play pool? Trust us, it isn't pretty.
An expert pool player, on the other hand -- well, he can just look at the billiards table and imagine lines drawn out, marking the trajectory the cue ball must take to make the shot. ...
December 28th, 2014 9:30 pm
Submitted by Tyler Durden.
Why Can't Oil Be Oil?
For most commentary on the recent and sharp decline in oil prices, there is a serious ceteris paribus to it especially from those that don’t recognize that there are much deeper financial forces. The following is excerpted as an example of the closed system approach, as if there is a world of difference that can allow “decoupling.”
What matters is what’s causing prices to...
December 28th, 2014 5:41 pmSupply, demand and the price of oil
Courtesy of James Hamilton of Econbrowser
A few weeks ago I offered some calculations suggesting that lower demand for oil might account for about $20/barrel of the dramatic decline in the price of oil since last summer. Here I point to some other evidence consistent with that conclusion.
Last week the IMF’s Rabah Arezki and Olivier Blanchard produced a very useful assessment of the role of supply and demand in the recent oil price decline. They note f...
December 28th, 2014 4:45 pm
Reminder: OpTrader is available to chat with Members, comments are found below each post.
This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).
We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options.
Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.
To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...
December 28th, 2014 3:14 pm
There may be no correlation between economic growth (GDP) and the stock market in the US; and in China too, as Joshua M Brown shows below. This is because GDP only partially reflects corporate earnings and because earnings are only one factor affecting the performance of the stock market. So what of the frenetic trading around the weekly and monthly economic reports? A lot of noise.
In fact, rainfall is a better predictor of the stock market than GDP. Will Deener writes:
Vanguard examined U.S. stock returns back to 1926 to assess the impact of more tha...
December 25th, 2014 11:00 pm
Courtesy of Benzinga.Related GILD How Gilead And Johnson & Johnson's Tumble Could've Burned These Hedge Funds Benzinga's Top #PreMarket Losers Making Money With Charles Payne: 12/22/14 (Fox Business)
Shares of Gilead Sciences, Inc. (NASDAQ: ...
December 23rd, 2014 1:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
December 22nd, 2014 8:17 pm
Courtesy of Sabrient Systems and Gradient Analytics
U.S. stocks found support once again last week and rallied on strong volume. Of course, the main catalyst was the FOMC policy statement on Wednesday that maintained its dovish language with a pledge of considerable time before raising the fed funds rate and adding that it would be patient as it begins the process of normalizing monetary policy. The result was yet another classic V-bottom. Ho, ho, ho. Say hello to Santa Claus.
In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-rank...
December 21st, 2014 3:22 pm
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
PSW Members - well, what a year for biotechs! The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down! The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months. What could go wrong?
Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my boys...it is time that something is put together for PSW on biotechs in 2015.
Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies. A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...
December 17th, 2014 1:02 pm
Joshua commented on the QZ article I posted a couple days ago and perfectly summarized the take-home message into an Investing Lesson.Chart o’ the Day: Don’t “Invest” in Stupid Sh*t
Courtesy of Joshua M Brown
The chart above comes from Matt Phillips at Quartz and is a good reminder of why you shouldn’t invest in s...
December 14th, 2014 12:39 am
Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.
Here's this week's Stock World Weekly.
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December 3rd, 2014 3:49 pm
October 30th, 2014 4:56 pm
May 22nd, 2014 5:03 pm
"Hello PSW Members –
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at firstname.lastname@example.org with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
Thank you for you time!
Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...